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Old 12-20-2012, 11:31 AM   #13
CaptainCrunch
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Except most of the large projects are future financed debts and not immediate services debt.

so not only is our government going into out of control debt now, but they're also going to add on long term debt to finance these projects.

So the mortgage comparison is right and wrong.

Basically our government who's house was paid off is getting a second mortgage to cover renovations.

But they're also at the point where they're immediately spending more money then their bringing in to cover more immediate needs.

So we're getting the worst of both worlds. They're going to gut us now and cripple us later.

They're spending like drunken sailers now and running credit cards and instamoney loans for later.

Debt can be a good thing when its needed, and if its not something that's chronic. This government is going to create a chronic debt issue.
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